Toyota to take private key unit in $26 billion deal
will take private a key supplier of its group, it said on Tuesday, in a
$26 billion deal
, marking a landmark repositioning of Japan's most important corporation.
Under the terms of the deal, unlisted real estate company
Toyota Fudosan
will launch a tender offer for shares of
Toyota Industries
for 3.7 trillion yen ($26 billion), the companies said.
Separately, Toyota said it plans to buy back its own shares from Toyota Industries.
Japanese companies have come under growing scrutiny from the market regulator and investors in recent years about their
cross-shareholdings
in affiliates and business partners, sparking a rise in both
management buyouts
and acquisitions.
Many of the deals have been driven by expectations that a
corporate governance
overhaul will bring better shareholder returns.
Toyota had said in April it was considering participating in a potential buyout of Toyota Industries - a move that sources have said would help improve the group's corporate governance.
Toyota owned about 24% of Toyota Industries as of September last year, while Toyota Industries held around 9% of the world's biggest automaker and more than 5% of Denso, another major Toyota supplier and Toyota group company.
Toyota Industries, formerly Toyoda Automatic Loom Works, was founded in 1926 by Sakichi Toyoda to make automatic looms. An
automotive division
within the company was set up and later spun off as Toyota Motor.
In addition to forklifts, Toyota Industries manufactures the RAV4 sport utility vehicle for Toyota and also produces car parts such as engines, air-conditioning compressors, batteries and converters.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Jobseeker is asked for class 10 and 12 grades, gets outraged: ‘How's this normal?'
A job applicant recently expressed strong disappointment after a recruiter requested their marks from Class 10 and 12 during the hiring process. Sharing their experience through a post titled 'How are employers asking for old pay slips and 10th grade still normal in India??' on the widely followed subreddit 'Indian Workplace,' the individual criticized employers in India for focusing excessively on academic scores from school, which they felt had no bearing on how efficiently someone performs in a job post emphasized that if a company has already determined a salary budget for a particular role, then that should be the basis for compensation. If an applicant does well in the interview, the employer should offer the pre-decided pay. In case the applicant asks for more than what has been allotted, they can simply be informed that the request goes beyond the limit. The user felt this approach would be straightforward and the individual pointed out how outdated hiring practices are still being followed in 2025, including demands for academic mark sheets, old salary slips, resignation letters, and other personal documents. They felt these requirements were unnecessary and invasive and did little to judge a candidate's true other users joined the discussion, sharing similar stories. One user recounted a situation from the oil and gas EPC sector in Chennai. A Japanese company, newly launched in the city, had posted openings online. But before the interview stage, they required multiple documents—Bachelor of Engineering certificates, payslips, and letters from former employers. This user chose to withdraw their application, unwilling to entertain such invasive contributor recalled how someone in their social circle rejected a job seeker simply because the applicant had a low percentage in their 10th-grade exams. That hiring decision was made by a man in a managerial post, who happened to be the brother of the contributor's former girlfriend. His sister, working in HR, even took pride in that rejection—highlighting what the commenter described as a deeply toxic work and family mindset.A final user added that companies should never base a new offer on an applicant's last-drawn salary. Instead, they should communicate the budget ceiling openly, or at least offer around 80% of it by default if the candidate hasn't specified a number. Undervaluing employees, they cautioned, only results in them quitting when they discover the gap between their pay and industry standards.
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
India should push for joint statement in trade talks with US: GTRI
India must proceed with caution in its trade talks with the US, drawing lessons from countries like Vietnam and Japan, economic think tank GTRI said on Sunday. To prevent any misrepresentation, the Global Trade Research Initiative (GTRI) said New Delhi should insist on a jointly issued written statement before acknowledging the final terms of any agreement. It added that a Japanese government document released on July 25 shows major gaps between Japan's understanding of a new trade deal with the United States and how President Trump portrayed it just days earlier. Trump claimed on July 22 that the agreement secures massive Japanese investments, strong tariff protections, and guaranteed access for US farm exports, including rice. But Japan's official summary, published by its Cabinet Secretariat, describes a far more limited framework -- still under negotiation and lacking binding commitments, GTRI Founder Ajay Srivastava said. "India should tread carefully as it negotiates its trade agreement with the United States, taking a cue from the experiences of countries like Vietnam and now Japan," he said. India and the US are negotiating a bilateral trade agreement. They are aiming to clinch the first phase by fall (September-October) this year.
Time of India
4 hours ago
- Time of India
India should seek joint statement in US trade talks to avoid misrepresentation: GTRI
New Delhi: India must proceed with caution in its trade talks with the US, drawing lessons from countries like Vietnam and Japan, economic think tank GTRI said on Sunday. To prevent any misrepresentation, the Global Trade Research Initiative (GTRI) said New Delhi should insist on a jointly issued written statement before acknowledging the final terms of any agreement. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Public Policy Operations Management Others Management Leadership Project Management Degree healthcare Data Science Data Science MCA CXO MBA Finance PGDM Data Analytics Technology others Cybersecurity Artificial Intelligence Design Thinking Product Management Healthcare Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details It added that a Japanese government document released on July 25 shows major gaps between Japan's understanding of a new trade deal with the United States and how President Trump portrayed it just days earlier. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An Khanh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Trump claimed on July 22 that the agreement secures massive Japanese investments, strong tariff protections, and guaranteed access for US farm exports, including rice. But Japan's official summary, published by its Cabinet Secretariat, describes a far more limited framework -- still under negotiation and lacking binding commitments, GTRI Founder Ajay Srivastava said. "India should tread carefully as it negotiates its trade agreement with the United States, taking a cue from the experiences of countries like Vietnam and now Japan," he said. Live Events India and the US are negotiating a bilateral trade agreement. They are aiming to clinch the first phase by fall (September-October) this year.
